SAI.TECH Announces Presence and Won Award at CGCC Chicago 2022 Annual Gala
14 December 2022 - 11:59PM
SAI.TECH Global Corporation ("SAI.TECH" OR "SAI," NASDAQ: SAI), a
global energy-saving bitcoin mining operator and a clean-tech
company that integrates bitcoin mining, heating, and power
industries, today announced its presence at the 6th CGCC (China
General Chamber of Commerce Chicago) Annual Gala 2022 on December
8th in Chicago and won the "Clean Energy Development Award".
CGCC Chicago 6th Annual Gala 2022's theme was
"Reopen for Our Future", coming from the great demand for solutions
and business intelligence in facing today's new global challenges
with the easing of COVID constraints. This event aimed to connect
local and broader international communities through uniting
business pioneers from different industries for deep discussion,
exchanging ideas, networking to gain wisdom and seize opportunities
for a hopeful and bright international commercial environment.
With the Inflation Reduction Act and the push for
clean energy in both the US and China, there is enormous interest
in the marketplace to work towards carbon-neutral. CGCC Chicago
2022 Annual Gala brought a panel session called "Clean Energy and
Climate Change Panel" to let the audience learn about the industry
as well as how the US and China can collaborate to build our future
with clean energy or reopen to a future of clean energy. ESG
Director of SAI.TECH Suwan Long was invited as panelist for this
discussion to share with the audience the decarbonization strategy
of SAI.TECH, which is using clean energy electricity and patented
waste heat recovery technology.
With the end of Clean Energy and Climate Change
Panel, SAI.TECH won the "Clean Energy Development Award". This
award is for the company that pays attention to the development and
utilization of clean energy, always maintains a competitive
advantage, continuously expands the market and profit share,
continues to make profits and expands the scale of the enterprise,
and leads the development of the same industry during the process
of its own development.
ESG Director of SAI.TECH Suwan Long delivered her
acceptance speech:
"SAI.TECH was established in 2019 and has been
committed to solving the problem of energy costs of computing. With
rapid growth and development, SAI.TECH was listed on NASDAQ
exchange earlier this year. SAI.TECH is a global energy-saving
Bitcoin mining operator and a clean-tech company that integrates
the bitcoin mining, power and heating industries.
Bitcoin miming is an industry that consumes a lot
of energy and produces a lot of GHG emissions. However, SAI.TECH
was also the first company in the whole industry to release its ESG
report, which shows our determination to become the most
energy-efficient digital asset mining operation company.
Its main product, SAIHUB, is a perfect example for
circular economy in the industry of crypto mining. It consumes the
electricity generated by renewable energies, collects the wasted
heat from the mining chips, reuses the heat for potential heating
scenarios like agricultural greenhouses, aquaculture facilities,
and major types of buildings, thus achieving sustainable bitcoin
mining. It can help accelerate the payback period of investment in
renewable energy power stations, lower the electricity required for
powering the mining chips, and also lower carbon emissions for both
computing and heating industries.
SAI.TECH launched its first SAINODE in Ohio in
August this year, provided a live demo of SAIHUB’s large-scale
heating capability and served as the distribution, assembly,
service and training center to support SAI’s expansion plan in
North America. We believe SAI.TECH will be an example and lead
other companies in the industry to make changes and contribute
their efforts to promote carbon neutrality for the entire
society."
About China General Chamber of Commerce
Chicago
The China General Chamber of Commerce- USA Chicago
(CGCC-Chicago) is a non-profit member-based organization aiming to
promote investment, trade and localization in-between China and
nine Midwestern states, including Colorado, Illinois, Indiana,
Iowa, Kansas, Michigan, Minnesota, Missouri, and Wisconsin. The
foreign direct investment (FDI) from China to the Midwest reached
$22.9 billion in 2018, creating about 45,000 local jobs, while the
export trade volume from the Midwest to China reached $31.2 billion
in 2017, creating 216,900 exporting jobs.
For more information on CGCC Chicago, please visit
https://cgccchicago.org/ .
About SAI.TECH
SAI.TECH is an energy-saving bitcoin mining
operator and a clean-tech company that integrates the bitcoin
mining, power, and heating industries. SAI.TECH uses proprietary
liquid cooling and waste heat recovery technology for its digital
asset mining machines, utilizing waste heat to provide recycled
energy and heating to potential customers while lowering mining
operating costs. SAI.TECH strives to become the most cost-efficient
digital asset mining operations company globally while
simultaneously promoting the clean transition of the bitcoin
mining, power, and heating industries.
In May 2022, SAI became a publicly trading company
under the new ticker symbol “SAI” on the Nasdaq Stock Market
(NASDAQ) through a merger with TradeUP Global Corporation
("TradeUP").
For more information on SAI.TECH, please visit
https://sai.tech/ .
Media Contact
pr@sai.tech
Investor Relations Contact
ir@sai.tech
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